Virtual reality systems and methods are described. For example, one embodiment of an apparatus comprises: a communications interface to provide frame data of a virtual reality scene to a head mounted display (HMD); at least one performance monitor coupled to at least one component of the apparatus the at least one performance monitor to monitor performance of the at least one component and to send an alert based on the performance of the at least one component; a processor to process the frame data; a controller to receive the alert based on the performance of the at least one component and to offload processing of the frame data from the processor to the HMD for processing; and a display to show the rendered view of the scene.